5023 Old Versailles Road, Lexington, KY 40510

Listing Description

On the market for the first time in 65 years, the O'Neal-Graves Tavern is one of the only surviving buildings of its kind in Central Kentucky. A former stagecoach inn that served travellers in the mid-nineteenth century, its significant history is well-documented. The building is also listed on the National Register as a notable example of stone architecture. This designation does not impose any restrictions, but it does enable the owner to claim generous federal and state historic tax credits following a certified rehabilitation. Consisting of two levels with separate entries and a finished attic, the building feasibly could be configured into at least two units. Historic features abound on the interior and will transport you back to the days of early Kentucky. The large lot also offers the possibility of a rear extension. As the parcel is currently zoned B-1, short-term rentals would be permitted. The Blue Grass Airport and the Keeneland Race Course are conveniently situated nearby. Don't miss out on this rare investment opportunity!